Singapore-headquartered solar panel maker REC hopes to be exempt from potential U.S. restrictions on imports following a recent trade finding that said no significant injury to the United States had been caused by makers including those from Australia, Canada and Singapore.
Mahindra and Mahindra Ltd rises as much as 2.1 pct to 1,316 rupees, highest since Sept 13
Beneficiaries shall be identified and their application for electricity connection along with applicant photograph and identity proof shall be registered on spot.
Prime Minister Narendra Modi on Monday launched a new scheme Pradhan Mantri Sahaj Bijli Har Ghar Yojana –“Saubhagya” to ensure electrification of all willing households in the country in rural as well as urban areas here today.
State-owned power sector financier Rural Electrification Corporation (REC) has signed a Memorandum of Understanding (MoU) extending a term loan worth Rs 13,000 crore to Maharashtra State Power Generation Company (MAHAGENCO), REC said on Monday.
The Central Electricity Regulatory Commission (CERC) does not think that the market is ready for spot trading of renewable energy and has accordingly
Aiming to retain its growth momentum for the current fiscal, P.V. Ramesh, CMD, Rural Electrification Corporation Ltd. (REC) assured that the company is witnessing robust growth in terms of profitability, sanction of projects and disbursement.
Maharashtra utilities are REC’s biggest borrowers, with Maharashtra State Power Distribution Company and Maharashtra State Electricity Distribution Company between them owing Rs 23, 441 crore, or 11.28 per cent of loan book, to the state-owned non-banking finance company.
REC has fairly spread its loan exposure to avoid concentration of risks to a few borrowers. Some 10 state-owned utilities account for nearly 37 per cent of total loan amount owed to the company as at the end of June. Moreover, no single borrower accounts for more than 7 per cent of REC’s loan book.
REC on Friday said its loan sanctions more than doubled in the quarter ended June from the same period last year.
Government auditor CAG today slammed state-owned REC and PFCfor not following internal guidelines and RBI rules in sanctioning loans to independent powerproducers that led to surge in bad loans.
A parliamentary panel has recommended that a village should be declared electrified only after providing power connections to all households there.